Pennsylvania Senate Bill 1174 (Prior Session Legislation)

---

Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on November 30 2007 - 25% progression, died in chamber
Action: 2007-11-30 - Referred to BANKING AND INSURANCE

An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, further providing for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for other nonadmitted insurers, for surplus lines licensee's duty to notify insured, for declarations, for surplus lines advisory organizations, for evidence of insurance, for licensing of surplus lines licensee, for surplus lines licensee's acceptance of business from brokers, for records of surplus lines licensees, for monthly reports, for surplus lines tax, for tax on independently procured insurance, for suspension, revocation or nonrenewal of surplus lines licensee's license and for penalties; and providing for compliance.

An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, further providing for definitions, for acting for or aiding nonadmitted insurers, for requirements for eligible surplus lines insurers, for other nonadmitted insurers, for surplus lines licensee's duty to notify insured, for declarations, for surplus lines advisory organizations, for evidence of insurance, for licensing of surplus lines licensee, for surplus lines licensee's acceptance of business from brokers, for records of surplus lines licensees, for monthly reports, for surplus lines tax, for tax on independently procured insurance, for suspension, revocation or nonrenewal of surplus lines licensee's license and for penalties; and providing for compliance.

Sen. Jay Costa [D]	Sen. Wayne Fontana [D]	Sen. Sean Logan [D]	Sen. Mike Stack [D]
Sen. Constance Williams [R]	Sen. John Wozniak [D]

Date	Chamber	Action
2007-11-30		Referred to BANKING AND INSURANCE

Type	Source
Summary	https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2007&sind=0&body=S&type=B&bn=1174